Olin Corporation (OLN) to Distribute Quarterly Dividend of $0.20 on December 11th

Olin Corporation (NYSE:OLN) declared a quarterly dividend on Wednesday, November 11th. Stockholders of record on Friday, November 27th will be given a dividend of $0.20 per share by the specialty chemicals company on Friday, December 11th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Friday, November 27th.

Olin has a payout ratio of 41.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Olin to earn $0.15 per share next year, which means the company may not be able to cover its $0.80 annual dividend with an expected future payout ratio of 533.3%.

Olin Trading Down 1.1%

Shares of OLN stock opened at $17.70 on Friday. The company has a 50 day moving average of $16.48 and a 200-day moving average of $22.01. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.88 and a current ratio of 1.45. Olin has a 12-month low of $14.64 and a 12-month high of $30.46.

Olin (NYSE:OLN) last posted its quarterly earnings results on Thursday, October 29th. The specialty chemicals company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). Olin had a negative return on equity of 6.63% and a negative net margin of 2.49%. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same period last year, the firm posted $0.37 EPS. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, analysts predict that Olin will post -0.83 earnings per share for the current fiscal year.

About Olin

Olin Corporation is a chemicals and ammunition manufacturer headquartered in Clayton, Missouri. Its businesses include chlor-alkali products and vinyls, epoxy materials, and Winchester-branded ammunition. Olin’s chemical operations produce chlorine, caustic soda, vinyl chloride and related products, as well as epoxy resins and intermediates. These materials serve customers in industries such as construction, water treatment, manufacturing and transportation. The company traces its origins to 1892, when Franklin W. Olin founded the Equitable Powder Company.